Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah (The Journal of Perspectives on Financing and Regional Development) is an open-access, peer-reviewed international forum for scientists involved in research to publish high quality and refereed papers. Jurnal Perspektif Pembiayaan focuses on publishing theoretical and empirical papers in all fields of economics, business, and management. The journal accepts a variety of papers using a variety of research methods, including statistical analysis, case studies, and field research, articles examining significant research questions from multiple perspectives. In its sixth year (Volume 6), the Journal of Perspectives on Financing and Regional Development has three fundamental changes. First, this journal was originally published four times a year and now has been published six times a year. Second, the journal has been nationally accredited with a SINTA (Science and Technology Index) score of S4 which is valid from 9 July 2018 – 8 July 2023 based on the Decree of the Director-General of Development and Research Enhancement, Ministry of Research, Technology & Higher Education of the Republic of Indonesia, Number 21/E/KTP/2018 concerning the Ranking of Scientific Journal Accreditation Period I Year 2018. Third, based on the results of re-accreditation, since Volume 6, Issues 2 (September – October 2018), the Journal of Perspectives on Financing and Regional Development has been nationally accredited with SINTA (Science and Technology Index) score of S2, based on the Decree of the Director-General of Development and Research Enhancement, Ministry of Research, Technology & Higher Education of the Republic of Indonesia, Number 10/E/KTP/2019 concerning the Ranking of Scientific Journal.
Articles
433 Documents
Determinant of acquisition of financial institution
Suwinto Johan
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 6 No. 6 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v6i6.6944
This study is aimed to investigate the determinants of finance companies’ acquisition. During the last 15 years, there were more than 30 mergers and acquisition deals happened in the finance company industry. We have analyzed six micro financial ratios which are productivity ratio, profitability ratio, equity capitalization, leverage ratio, asset composition ratio, and firm size. The dependent variables are dummy variables of acquisition. The financial ratios are OER (operating efficiency ratio), ROE (return on equity), leverage, asset allocation ratio, equity size and firm size. The samples are the 90 finance companies who issued financial report from 2001-2015. Data were analyzed using panel data regression. The results of the study found that only company size had a significant effect on finance companies acquisition
Development of small medium enterprises of maize processed food products as a locomotive of Gorontalo District’s economy
Amir Halid
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 6 No. 6 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v6i6.6953
This study aims to analyze the development of small medium enterprises (SMEs) of maize processed product as a locomotive of Gorontalo District’s economy. Primary and secondary data were used for this study. Data were analyzed descriptively and regression analysis was conducted to analyze the effect of the components of production costs on the selling prices of maize processed food products and the effect of selling prices on SMEs revenues. The results of the study found that the potential for development of SMEs of maize processed food products in Gorontalo District is quite prospective because human resources and raw materials were still cheap and easily obtained. On the demand side, maize processed products are also relatively high on demand. Maize processed product has been an alternative substitute for pastries which are always served by Muslims on religious observances. In increasing the competitiveness of maize processed products, it is necessary to pay attention and make raw material costs and labor costs efficient. Those two cost components have a significant effect on the selling prices of maize processed food products.
Human capital investment: an analysis of the return of higher education
Dina Hadia;
Nasri Bachtiar;
Elfindri Elfindri
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 1 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i1.6965
This study is aimed to analyze particular problems related to economic return for West Sumateran workers who graduated higher education by using human capital investment concepts. The dataset is sourced from National Labor Force Survey for West Sumatera 2017 and contains 1798 records of those aging at least 15 years, graduating from academy, university and postgraduate schools and distributed in all main industries. The return to higher education is estimated using Mincerian framework by considering modulatory effects of college major graduated. Other worker characteristics including training and experience are used to measure earning differentials among worker. The result of this study shows that the return to higher education is significantly positive and amplified if workers graduated from certain college majors. It is also found that participating in job training and having working experience prior to current job significantly increase highly educated workers earning in West Sumatera.
Human capital of school-age population in West Sumatera: measurement and determinant
Firlan Firlan;
Werry Darta Taifur;
Indrawari Indrawari
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 1 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i1.6977
Information on human capital, especially for school- age population is still limited. Most of Indicators of human capital only consider the dimensions of education, while human capital is formed by various dimensions not only education. Recent human capital measurement is displayed in macro level so that difficult to analys in micro level. Based on recent condition of human capital information, this study aims to measure the human capital of the school-age population of 7-18 years old using the fuzzy set approach by considering several dimensions of human capital investment and analysis the determinant. The data source is from West Sumatera Socio-Economic Survey that held by National Bureau of Statistic in March 2017. Measurement human capital of 9,950 samples of school age population shows that urban areas have higher human capital than the rural areas. Internal factors, household and spouse characteristics such as income, parent education and occupation have impact in their children human capital. External factors such as subsidies and rural-urban development inequality also have impact and tend to be larger than internal factor. The strategy of increasing human capital under conditions of limited resources can be achieved by increasing the index of indicators which have greatest weight and also reducing development inequality between urban and rural areas. The other policy is to realize growth economic that have positive impact to entire society. In terms of methodology, this approach can be adapted to regional conditions, the development of theory and related research. Adjustments can be made at the stage of selecting investment indicators, data types and weight of indicator
Modern problems of reproduction of public health of the population
Bakhov Ivan;
Boichenko Elina;
Martynovych Nataly
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 6 No. 6 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v6i6.6998
The study is based on the development of the basic provisions for the implementation of sustainable development, namely one of its goals: “Overcoming poverty in all its forms”, which were approved in 2015 at the UN Summit on Sustainable Development. Reproduction of the public health of the population is the basis of the mechanism for the prevention of poverty in the territories, presented in doctoral dissertation Martynovych Nataly. Also, modern problems of reproduction of public health of the population form the conceptual foundations of the applied state theme “Economic and legal support of the strategic development of newly formed territorial communities”. This topic was approved by the Decree of the Bureau of the Department of Economics of the National Academy of Sciences of Ukraine and is carried out by the staff of the department of problems of interregional cooperation of the Institute of Economic and Legal Research of the NAS of Ukraine Martynovych Nataly, Boichenko Elina. The purpose of the research is to determine by the empirical way modern problems of reproduction of public health of the population and the development of comprehensive measures to overcome them. The findings showed an integral assessment of the state of public health of the population was carried out, as a result of which it was established that only three-quarters of the population of Ukraine can be considered healthy. Empirically, an increase in the deficit of the average life expectancy of the population is determined, and the main reasons for such dynamics are also indicated. The proposed measures to promote an increase in the life expectancy of the population of the region.
Does political connectedness determine stock returns in Indonesia?
Endang Dwi Astuti;
Yunieta Anny Nainggolan
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 1 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i1.7290
This study aims to investigate the influences of political connection on stock returns in Indonesia. We develop a comprehensive database of firm-level political connectedness among Indonesian firms from 2010 to 2017. Our sample is non-financial Indonesian listed firms that are selected in the Kompas 100 index for 16 consecutive periods, with a total of 448 firm-year observations. This study employs panel data regressions to estimate this relationship, then mitigate possible endogeneity issues using two-stage least square with fixed-effects. The finding of this study shows that political connectedness is associated with lower stock returns, more prominently in agriculture and consumer goods industries. Moreover, state-owned enterprises are more likely to earn lower stock returns. In summary, our result suggests that investing in politically connected firms could be a risky investment. The finding holds using alternative estimation methods
Determining the buyer-supplier relationships in international market: evidence of Indonesian products
Ervyna Rizki Febrianny;
Mustika Sufiati Purwanegara
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 1 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i1.7319
This paper examines how trust and commitment impact repurchase intention and relationship performance in international market from overseas buyers to Indonesian suppliers. To achieve this objective, data were collected through a survey using a structured questionnaire to overseas buyers who have been engaging with Indonesian suppliers. A total respondent of 84 were collected. A confirmatory factor analysis was measured in this study to test the reliability and validity of the measurement model. The Partial Least Square technique also was used to test the conceptual framework of this study. The result shows that trust is significantly influenced commitment in the International buyer-supplier relationship. Commitment also significantly influenced repurchase intention and relationship performance of overseas buyers in buying Indonesian products.
Gotong royong (cooperation) transformation of rural communities in Jambi Province, Indonesia
Rosyani Rosyani;
Fuad Muchlis;
Dompak Napitupulu;
Heiko Faust
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 1 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i1.7466
One nowadays un denied phenomena is that society changed. Jambi Province rural community has also changed toward modernization. The main goal of this research is to analyze factors effect gotong royong (cooperation) transformation in Jambi Province rural communities based on its remoteness from urban area. The research analysis used in this research is the Delphi method. Research found that there has been a change in the value of gotong royong in Jambi Province. It was also found that there are differences in changes in rural locations that are close to city and that are far from city. Some factors effecting the transformation are information technology, household income and accessibility while some factors that keeps gotong royong alive are family, harmony and help. The strategy to keep gotong royong value remain solid in Jambi Province’s villages should be to wisely accept global technology, income increases and better accessibility while still maintain the social capital strength.
Hedonic value motivation: impact on consumers’ purchase intention
Wiwik Handayani;
Musnaini Musnaini;
Wahyudan Iswara Praditya
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 8 No. 1 (2020): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v8i1.7468
The focus of this study, using an explanatory and accidental approach, shows consumer buying interest in shopping at modern shopping centers in Surabaya. Data were collected from 90 questionnaires and analysed using the Partial Least Square (PLS). The results of the study showed that consumer buying interest at the modern shopping centers (malls) was driven by hedonic impulses. It is evident from the positive significance value associated with consumer perceptions of the atmosphere of the outlet, of retail services, as well as the presence of fashion that contains hedonist value so as to have an effect on consumers’ purchase intentions. For future studies, it is best to examine utilitarian aspects as a motivation that affects the purchasing intention of consumers at modern shopping centers
Competitiveness of Indonesian banking industry based on commercial bank business group: Panzar Rosse Model
Fajra Octrina;
Rike Setiawati
Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Vol. 7 No. 1 (2019): Jurnal Perspektif Pembiayaan dan Pembangunan Daerah
Publisher : Program Magister Ilmu Ekonomi Pascasarjana Universitas Jambi
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DOI: 10.22437/ppd.v7i1.7475
The present research was aimed to investigating the competitiveness in Indonesian banking sector during the period of 2005 to 2016, to set the limit of the scope of the study a total sample is 84 banks. This research was conducted by grouping banks based on ownership and based on BUKU (General Bank based on Business Activities). The study also aimed to analyze the banking competitiveness based on classification of banks and groups of capital ownership. The study was conducted by evaluating the value of H-statistic for the research model comprising of three input variables, namely funds, labors and capital. The results of the research show that the market of banking industry in Indonesia is classified as monopolistic competition. The limitation of this study is that this study only looks at the competition variable, and has not seen its relationship with other variables. In subsequent studies, it is expected to conduct research related to competition and relate it to other variables, such as market share or level of market concentration.